Ahhha .....As expected Gold had a fall finally......Even though it broke last friday's high .....it did not sustain much above it....so my initial sell postions had little loss but I covered by buying above fridaY's high and then reversing positions at 50% retracement at 31927.....and all my sell positions are in profit....I got my target of 31241.....where I closed half of my sell positions and remaining I am holding with SL 31300....
As I mentioned in my last post, I am expecting a fall and if fall below 31200......Maximum tgt 30992....But I think Gold has completed its retracement and now will start its upside moment again towards 32780.....COMEX USD 1420 ....( Ultimate tgt in COMEX is USD 1540+)....
I AM STILL BULLISH IN GOLD .....EVEN THOUGH IT MAY KEEP GIVING BIG DOWNSIDE MOVEMENTS.....IT WILL SURELY HIT 32780 AT SOMETIME DURING DECEMBER.....
IN SEPTEMBER WE WILL SEE 1 MORE LOW IN GOLD BELOW 31000.....GOLD IS TRADING SIDEWAYS SO THERE IS PROFIT IN BOTH BUYING AND SELLING.....I WILL BE VERY CAREFUL ABOUT EXACT ENTRY AND EXIT ....ALSO TRAILING STOPLOSS.....